Global Beef Market
Beef Market Size And Forecast
According to Verified Market Research, Global Beef Market was valued at USD 294.35 Billion in 2018 and is projected to reach USD 372.6 Billion by 2026, growing at a CAGR of 2.9% from 2019 to 2026.
Global Beef Market Outlook
The major driving factors that are propelling the demand for the global beef market are the rise in the disposable income of the consumers across the world and rapid urbanization. Moreover, the rapid and recent spread of diseases in the pork and poultry markets have resulted in consumers turning to beef and associated products. Furthermore, the increasing demand for special cuts of meat, including halal and kosher beef, is anticipated to boost the market. However, the notable gap between demand and supply of beef due to its limited production because of several environmental and political factors and the higher prices of beef as compared to the other forms are the factors that are impeding the growth of the market.
Global Beef Market Competitive Landscape
The Global Beef Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Cargill, Incorporated, Tyson Foods, Inc., JBS USA, Danish Crown, St Helens Meat Packers, Marfrig Global Foods S.A., NH Foods Ltd., Hormel Foods Corporation, National Beef Packing Company, LLC, and Vion Food Group.
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